Posted by Sally (WA) on February 28, 2002 at 10:52:47:
- No
- Yes
- Yearly
- 10% (more if older property) This is personal preference. I do this with SFH and apartments, some people fly closer to the flame.
Posted by Sally (WA) on February 28, 2002 at 10:52:47:
REI TAX QUESTIONS - Posted by ALLEN SHAW
Posted by ALLEN SHAW on February 28, 2002 at 10:19:54:
#1. When I creatively buy a property, fixer upper or motivated seller type property, do I pay taxes on the money that I pocket if I refinance it and rent it out?
#2. Can I assume that I am correct that I do pay taxes on any profit I make, if I sell the property?
#3. For folks who own rental houses or apartment complexes. As you receive your rental payments each month, do you pay taxes monthly on this, is it quarterly, or yearly?
#4. Finally. What is the normal percentage to set aside each month per rental for emergencies like repairs or vacancies?
Re: REI TAX QUESTIONS - Posted by Bernard Collier
Posted by Bernard Collier on March 01, 2002 at 11:39:21:
ditto